Skip to content
Subscriber Only

Morgan Stanley Got $6.9 Billion From Fed Window in October 2008

Morgan Stanley, the securities firm that became a bank holding company in 2008, borrowed as much as $6.9 billion from the Federal Reserve’s discount window that October as it leaned on U.S. aid to avoid insolvency.

Morgan Stanley borrowed $3.63 billion through Morgan Stanley & Co. and $3.25 billion through its Morgan Stanley Bank N.A. subsidiary on Oct. 9, 2008, according to Fed documents released today in response to a Freedom of Information Act request. The firm’s borrowing from the discount window dropped to $1.25 billion on Oct. 27, and Morgan Stanley didn’t have any outstanding borrowings starting on Oct. 29, the data show.